European Market Insight: Markets Breathe Sigh of Relief After Greek Elections

Germany is perceived to be in the driving seat of eurozone bailout negotiations as it is the nation who is footing most of the funding support and has the strongest economy.

Spanish Prime Minister Mariano Rajoy (R) is seen at the UEFA EURO 2012 group C match between Spain and Italy in Gdansk, Poland. An independent study last week found that Spanish banks would need collective capital of between $64 billion and $77 billion. Jasper Juinen/Getty Images